Sunday, April 6, 2014

The Economy - Auto Sales

Auto sales were down in January and flat in February, but the were up in March. So, is that good news? Yes and no. It is good news that sales have grown, but it was not cheap. Incentives made by car companies to boost sales was about $2800 per car. That's right, car companies spent almost $3000 per car during March in order to help sales. So what happens when the incentives are pulled? Or are the incentives the reason cars are selling like they are? Is this the "new" way to sell cars? I am glad car sales are up. That means people are working and that is what we need. But, can the car companies keep making these kinds of incentives and make a profit? There are a lot of unanswered questions which makes me nervous.

What do you think?